Borusan Yatirim ve Pazarlama A.S. Stock Forecast

Borusan Yatirim ve Pazarlama A.S. stock upgraded to Sell Candidate.
(Updated on May 10, 2024)

BRYAT.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Borusan Yatirim ve Pazarlama A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 3,100.00 and TRY 3,354.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -34.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Borusan Yatirim ve Pazarlama A.S. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 112.50 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 4.28%.

Borusan Yatirim ve Pazarlama A.S. is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BRYAT.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Borusan Yatirim ve Pazarlama A.S. to open at TRY 2,921.67, and during the day (based on 14 day Average True Range), to move between TRY 2,779.62 and TRY 3,105.38, which gives a possible trading interval of +/-TRY 162.88 (+/-5.54%) up or down from last closing price. If Borusan Yatirim ve Pazarlama A.S. takes out the full calculated possible swing range there will be an estimated 11.07% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 3,280.00, some TRY 337.50 (11.47%) from the current price of TRY 2,942.50, our system finds the risk reward not very attractive.

Is Borusan Yatirim ve Pazarlama A.S. stock A Buy?

Borusan Yatirim ve Pazarlama A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.154 Sell Candidate Upgraded

Predicted Opening Price for Borusan Yatirim ve Pazarlama A.S. of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.